Charles Archer, who wins mixed reviews thanks to his involvement with the scumbags at Sunday Roast and his promotion of Defence Holdings (ALRT) for reasons I cannot fathom, has just posted an interview with Amaroq (AMRQ) boss Eldur Olaffson and the numbers are mind blowing. The 3 by 3 by 3 strategy is something you need to twig and if you do not own Amaroq you are insane. I plan to buy more shares.
Poor DucknDive. Being long and strong of Skinbiotherapeutics (SBTX) seems to have got to him and he now has a severe case of Amaroq (AMRQ) derangement syndrome, posting hostile comments relentlessly. Last night it was announced in an RNS that NED Graham Stewart had sold a third of his shares. PoorDucknDive had a major episode screaming:
Amaroq (AMRQ) has noted its upcoming inclusion in the FTSE 250 index stating it “clearly validates our strategy of moving our listing from AIM to the Main Market of the London Stock Exchange and will open us up to inclusion in further index tracking funds and the commensurate impact on liquidity of indexation” in an announcement that also includes “achieving Q4 2026 production target one quarter early”. More good news although, as Tom pointed out here, the effect will only be c£12 million of tracker buying, 2% of the equity. But it all helps!
Amaroq (AMRQ) states it “is pleased to announce the completion of its 2026 resource drilling programme at the Nanoq Gold Project in South Greenland, alongside successful metallurgical test work results of Nanoq mineralisation”. The details show why it is pleased.
Over the last weekend Donald Trump announced by social media a new deal with Denmark and Greenland. How statesmanlike. The deal was inked thus week and means that the US will guarantee the sovereignty of Greenland and has a veto on non US investors gaining new access to base metals and rare earth resources. The next, and inevitable step, is large amounts of US money heading to Greenland mining and infrastructure projects.
The former ramped up hostilities in Iran over the weekend so spiking crude creating a fear that base rates would have to be hiked to combat oil price driven inflation. The latter suggested rates might go up to combat inflation so from Friday to Tuesday night gold tanked and Amaroq (AMRQ) shares fell back.
Tom Winnifrith and I have been a little excited over the prospects for newly main-market-listed Amaroq (AMRQ) to make it into the FTSE 250. My view is that if and when it does make the cut a stack of FTSE250 trackers will be queuing up to buy the stock simply because they have to. It is still relatively thinly traded so the impact of that could give the stock quite a boost. As Tom points out, Amaroq sits in 342nd place – so well within the FTSE250 boundary – but there is a complication….and a potential big bonus on top of our good friends at the Daily Mail.
My old pal Ms. Hart has a special feature in today’s Mail on Sunday.on six stocks to “turbocharge your portfolio”. I will not deprive the wretched Mail by revealing the other 5 but one is Amaroq(AMRQ). Natch any endorsement is welcome but I am not sure about Ms. Hart’s maths.
Nomad and broker Cavendish takes an unusual approach to valuing Amaroq (AMRQ) looking at what a predator would pay. Since I regard a bid as almost inevitable if the gold price behaves itself that is not too daft. On that basis it says that its target for the shares, at 105.5p, is 205p. But critically, as you can see below, that is on Nalunaq alone! As a clear pathway to other mines going onstream, which can be developed using internally generated cashflows, becomes apparent that valuation will only head one way… and fast.
I'm note sure I understand why thus happened but then again I am not a highly paid City analyst. But as you can see below Panmure Liberum has increased its target price for Amaroq (AMRQ), now 105.5p from 160p to 161p after yesterday's interims. Hold the front page. My own target for what is my largest holding is far more ambitious as I explained HERE
Fully-listed Amaroq (AMRQ) released its interims to June 30 this morning. The good news is that all is on track, even if the announcement
was rather boring. But boring is good!
It is a rather tame note after today's Q2 numbers and output guidance. I am greatly encouraged by what was announced but broker Canaccord draws some positives but leaves its price target of 140p unchanged. Its tame but here you go.
Amaroq (AMRQ) has announced “2026 resource drilling programme commences at Nanoq gold project”. How significant is this after a 2025 programme established a “significant drilling dataset and geological framework”?
The big news we are awaiting from fully-listed Amaroq (AMRQ)
this week is the half-year results on Thursday. If the numbers are good and
production guidance sound I think the shares could motor higher – in nice time
for the FTSE250 reshuffle at the start of next month. But this morning a
drilling campaign was announced at Nanoq.
The note is below and as ever I regard most broker notes as not worth a lot. But have a read. I think the target is unambitious and here’s why.
It was my bet the ranch stock a fortnight ago. I bought more shares after that and it is the largest holding in my pension fund. If anything I am likely to buy more Amaroq (AMRQ) as I am a gold bull and I just see the shares as being very cheap. I reckon that they will be anywhere from 200p to 300p within two years as I explained HERE. And I am not alone.
I think Amaroq (AMRQ) is a great company, it's my largest holding and I am sure that its shares will double or treble on a two year view as I explained yesterday HERE. But today it has sinned, not in a material way, but in the RNS announcing its move from the AIM Cesspit to the Main Market it has allowed a scumbag Labour Minister to tell whopping porkies. Why?
